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{"id":538653,"date":"2023-06-20T03:00:02","date_gmt":"2023-06-20T03:00:02","guid":{"rendered":"https:\/\/uniquehot.com\/?p=538653"},"modified":"2024-06-11T14:37:47","modified_gmt":"2024-06-11T14:37:47","slug":"bitcoin-price-extends-recovery-27k","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-price-extends-recovery-27k\/","title":{"rendered":"Bitcoin Price Extends Recovery But Lack of Momentum Remains A Concern"},"content":{"rendered":"

Bitcoin price is rising above the $26,500 resistance. BTC could gain bullish momentum if it settles above the $27,200 and $27,500 resistance levels.<\/em><\/p>\n

\n
Bitcoin is slowly moving higher above the $26,500 resistance.<\/li>\n
The price is trading above $26,500 and the 100 hourly Simple moving average.<\/li>\n
There is a key bullish trend line forming with support near $26,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken).<\/li>\n
The pair could rise further if it clears the $27,200 and $27,500 resistance levels.<\/li>\n<\/ul>\n
Bitcoin Price Eyes Sustained Upward Move<\/h2>\n
Bitcoin price managed to settle above the $26,000 resistance zone<\/a>. BTC climbed higher steadily above the $26,200 and $26,500 resistance levels. It even spiked above the $27,000 level but there was a lack of bullish momentum.<\/p>\n
A high is formed near $27,184 and the price is now correcting gains. There was a move below the $27,000 support. It is now trading below the 23.6% Fib retracement level of the recent increase from the $26,253 swing low to the $27,184 high.<\/p>\n
Bitcoin price is now trading above $26,500 and the 100 hourly Simple moving average<\/a>. Besides, there is a key bullish trend line forming with support near $26,600 on the hourly chart of the BTC\/USD pair.<\/p>\n
$\"Bitcoin$ <\/p>\n
Source: BTCUSD on TradingView.com<\/a><\/p>\n
On the upside, the price is facing resistance near the $27,200 level. The next major resistance is near the $27,500 level. A close above the $27,500 resistance might spark bullish moves in the near term. The next major resistance is near the $28,500 level, above which the bulls might send BTC toward the $29,200 resistance zone.<\/p>\n
Are Dips Supported in BTC?<\/h2>\n
If Bitcoin\u2019s price fails to clear the $27,200 resistance, it could continue to move down. Immediate support on the downside is near the $26,700 level.<\/p>\n
The next major support is near the $26,600 level and the trend line. It is close to the 61.8% Fib retracement level of the recent increase from the $26,253 swing low to the $27,184 high. The main support is now near $26,250, below which the price might gain bearish momentum toward $25,750. Any more losses might send the price toward $25,200 in the near term.<\/p>\n
Technical indicators:<\/p>\n
Hourly MACD \u2013 The MACD is now losing pace in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is above the 50 level.<\/p>\n
Major Support Levels \u2013 $26,600, followed by $26,250.<\/p>\n
Major Resistance Levels \u2013 $27,200, $27,500, and $28,500.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin price is rising above the $26,500 resistance. BTC could gain bullish momentum if it settles above the $27,200 and $27,500 resistance levels. Bitcoin is slowly moving higher above the $26,500 resistance. The price is trading above $26,500 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $26,600 on the hourly chart of the BTC\/USD pair (data feed from Kraken). The pair could rise further if it clears the $27,200 and $27,500 resistance levels. Bitcoin Price Eyes Sustained Upward Move Bitcoin price managed to settle above the $26,000 resistance zone. BTC climbed higher steadily above the $26,200 and $26,500 resistance levels. It even spiked above the $27,000 level but there was a lack of bullish momentum. A high is formed near $27,184 and the price is now correcting gains. There was a move below the $27,000 support. It is now trading below the 23.6% Fib retracement level of the recent increase from the $26,253 swing low to the $27,184 high. Bitcoin price is now trading above $26,500 and the 100 hourly Simple moving average. Besides, there is a key bullish trend line forming with support near $26,600 on the hourly chart of the BTC\/USD pair. Source: BTCUSD on TradingView.com On the upside, the price is facing resistance near the $27,200 level. The next major resistance is near the $27,500 level. A close above the $27,500 resistance might spark bullish moves in the near term. The next major resistance is near the $28,500 level, above which the bulls might send BTC toward the $29,200 resistance zone. Are Dips Supported in BTC? If Bitcoin\u2019s price fails to clear the $27,200 resistance, it could continue to move down. Immediate support on the downside is near the $26,700 level. The next major support is near the $26,600 level and the trend line. It is close to the 61.8% Fib retracement level of the recent increase from the $26,253 swing low to the $27,184 high. The main support is now near $26,250, below which the price might gain bearish momentum toward $25,750. Any more losses might send the price toward $25,200 in the near term. Technical indicators: Hourly MACD \u2013 The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for BTC\/USD is above the 50 level. Major Support Levels \u2013 $26,600, followed by $26,250. Major Resistance Levels \u2013 $27,200, $27,500, and $28,500.<\/p>\n","protected":false},"author":67,"featured_media":457105,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,679,1144,78790,76835],"class_list":["post-538653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price","tag-btcusd","tag-btcusdt","tag-xbtusd"],"acf":[],"yoast_head":"\nBitcoin Price Extends Recovery But Lack of Momentum Remains A Concern<\/title>\n<meta name=\"description\" content=\"Bitcoin price is rising above the $26,500 resistance. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Price Extends Recovery But Lack of Momentum Remains A Concern","url":"http:\/\/uniquehot.com\/news\/bitcoin-price-extends-recovery-27k\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-price-extends-recovery-27k\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/02\/shutterstock_1724354728.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/02\/shutterstock_1724354728.jpg?fit=1366%2C683"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin price","btcusd","btcusdt","xbtusd"],"dateCreated":"2023-06-20T03:00:02Z","datePublished":"2023-06-20T03:00:02Z","dateModified":"2024-06-11T14:37:47Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Price Extends Recovery But Lack of Momentum Remains A Concern\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-extends-recovery-27k\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-price-extends-recovery-27k\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/shutterstock_1724354728.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2021\\\/02\\\/shutterstock_1724354728.jpg?fit=1366%2C683\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin price\",\"btcusd\",\"btcusdt\",\"xbtusd\"],\"dateCreated\":\"2023-06-20T03:00:02Z\",\"datePublished\":\"2023-06-20T03:00:02Z\",\"dateModified\":\"2024-06-11T14:37:47Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2021\/02\/shutterstock_1724354728.jpg?fit=1366%2C683","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/538653"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=538653"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/538653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/457105"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=538653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=538653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=538653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}